Edenred : H1 2022 results on 26 July: robust organic growth momentum
>H1 results: strong organic growth maintained in Q2 - We forecast operating revenues of € 873m in H1 (+18.6%), giving organic growth of 14.9% (consensus 14.3%), i.e. a Q2 at 14.6% almost equivalent to Q1 (despite tough base effects, Q1 2021 at +3.6% but Q2 at 30.6%). This excellent performance is a result of: 1/ very strong commercial momentum; ii/ a real capacity to pass on the authorised increase in face value related to current inflation (an efficient way of giving...Edenred designs and delivers services to clients, companies or public sectors, enabling them to offer beneficiaries additional purpose-directed purchasing power, such as the Ticket Restaurant® meal voucher, and provides prepaid corporate services. Co.'s product offering ensures that allocated funds are used as intended, allowing its clients to manage: Employee benefits (Ticket Restaurant®, Ticket Alimentacion®, Ticket CESU, Childcare Vouchers®, etc.); Expense management process (Ticket Car®, Ticket Clean way®, Repom®, etc.); and Incentive and rewards programs (Ticket Compliments®, Ticket Kadeos®, etc.). Co. also supports public institutions in managing their social benefits programs.
Oddo Securities provides securities brokerage and research services. The company offers equity, economic, and derivatives research and credit analysis services. It focuses on insurance, automotive, building materials, pharmaceuticals, telecommunications, information technology, and agri-food industries.
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